Quantbot Technologies LP Sells 4,713 Shares of Talen Energy Corporation $TLN

Quantbot Technologies LP lowered its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 36.0% during the third quarter, HoldingsChannel reports. The firm owned 8,378 shares of the utilities provider’s stock after selling 4,713 shares during the quarter. Quantbot Technologies LP’s holdings in Talen Energy were worth $3,564,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TLN. Atlantic Union Bankshares Corp bought a new stake in Talen Energy during the 2nd quarter worth approximately $27,000. MAI Capital Management lifted its stake in Talen Energy by 115.7% in the second quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock valued at $32,000 after buying an additional 59 shares in the last quarter. Grove Bank & Trust bought a new position in Talen Energy in the third quarter valued at approximately $32,000. Assetmark Inc. boosted its holdings in shares of Talen Energy by 581.8% in the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock valued at $32,000 after buying an additional 64 shares during the period. Finally, Golden State Wealth Management LLC increased its position in shares of Talen Energy by 5,100.0% during the second quarter. Golden State Wealth Management LLC now owns 156 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 153 shares in the last quarter. Institutional investors own 0.38% of the company’s stock.

Talen Energy Stock Performance

TLN opened at $370.97 on Monday. The business’s 50-day simple moving average is $370.31 and its 200 day simple moving average is $383.54. Talen Energy Corporation has a 52-week low of $158.08 and a 52-week high of $451.28. The company has a debt-to-equity ratio of 6.20, a quick ratio of 1.02 and a current ratio of 1.28. The firm has a market capitalization of $16.95 billion, a PE ratio of -75.09, a PEG ratio of 0.56 and a beta of 1.94.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TLN. Wells Fargo & Company raised their price objective on shares of Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Barclays lowered their target price on Talen Energy from $457.00 to $425.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Weiss Ratings downgraded Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday. Finally, Morgan Stanley set a $474.00 price target on Talen Energy in a report on Friday, February 20th. Eleven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $410.92.

Talen Energy Company Profile

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).